Three bull and bear cycles are enough!

Even if you are not a trading genius, as long as you seize three bull markets, you can basically achieve financial freedom.

In a bear market, firmly buy projects with good fundamentals, low valuations, and bottom price ranges, and sell them in a bull market.

In the next bull market, the money from the previous bull market will be compounded, and the original accumulation of capital can be completed after three bull markets.

Some people only make two trades in a cycle, but they can earn more than we can earn even if we trade 100 times. The key is to make money from the big trend.

Therefore, we need to make good trend-based asset allocation. In this bull market, in addition to AI and Depin, RWA consumption is a foreseeable major trend.

Recently, Ethereum NFT second-layer Mint @Mint_Blockchain submitted a new NFT standard to Ethereum: ERC7765, to facilitate the large-scale issuance and application of RWA assets.

So what exactly is this ERC-7765? What is its use? How can it promote the mass adoption of RWA NFT?

Don’t take it lightly, start learning, it’s time for the director to spread science!

To talk about this, let us first understand what RWA is?

The full name of RWA is “Real World Asset”, which means “real world assets”.

That is to tokenize some of our web2 assets and introduce them into web3, such as houses, cars, bonds, etc.

This concept is quite novel. We already have houses in the metaverse. Do we have to move the houses in the community into the metaverse as well? Wouldn’t that cause chaos?

Will it be easier to sell a house that is not selling well in the real world if it is put on the blockchain? Who will live in it after it is bought? How to deliver the property certificate?

There are too many operations involved, we will discuss this in detail later.

However, the staking of Rolex NFT is quite popular. This is also a way to activate liquidity. Let us wait and see how we can play it later.

So how do you play with the ERC-7765 developed by Mint?

The ERC-7765 standard is built on top of ERC-721, the classic standard for Ethereum NFT.

The main difference is that 7765 can not only transfer money freely and enjoy on-chain ownership like 721, but also redeem real-world products through the exercisePrivilege function!

What’s even more clever is that you can also give someone else the privilege of redeeming a product (such as a pair of Nike sneakers) while still holding a certain NFT.

What’s even more amazing is that, unlike some traditional NFTs with false empowerment, if the last one is not fulfilled, you can only defend your rights with great difficulty.

7765 The specific capabilities of this NFT and the products it can be exchanged for are all engraved on the chain, just like they are written into the contract, and there is no way to not fulfill them!

7765 has an application as soon as it comes out: the world's first consumer-oriented RWA NFT platform - http://Rare.Shop @RareShopNFT.

The director is also drawing for the wallet family package NFT of their platform, each worth ~139 USDT, and you can also get $MINT airdrops by interacting. If you haven’t done so yet, do it now, the prize will be announced soon.

➡️ https://x.com/web3annie/status/1844214684083421239

I heard that the platform will soon launch KFC fried chicken and Cullinan fragment NFTs, which is really cool!

Btw, I feel that Cullinan’s appearance is a bit too square, that’s why I haven’t bought one yet, what about you???